Binary Options Operator, Leadtrade Renounces CIF License

Leadtrade Ltd, the operator of multiple binary brokerage brands, has relinquished its license authorization as a Cyprus Investment Firm (CIF), following a back and forth of suspensions and violations in requisite laws as a Cyprus Securities and Exchange Commission (CySEC) regulated entity.

The London Summit 2017 is coming, get involved!

CySEC had originally slapped a suspension on Leadtrade for suspicions of an alleged violation of a lack of funds and inadequate Capital Adequacy Ratio back in late March, a move that was later redacted and withdrawn just days later in April. The regulator had asserted at the time that Leadtrade had complied with provisions of the law that had warranted its temporary suspension.

However, according to a regulatory manifest, as of April 28, 2017, Leadtrade has had its authorization rescinded, which correlated to numerous site blackouts and other cessations of trading activity across its brands. Leadtrade had provided investment services across multiple domains including the following:

www.leadtradeltd.com

www.topoption.com

www.excellenceoption.com

www.prestigeoption.com

www.platiniumoption.com

www.optionsclick.com

Finance Magnates has learned that several of these domains, including TopOption and Prestige Options have had their operations and trading services ceased since May 1, 2017 – Options Click’s site has been inactive for at least a few weeks. CySEC’s latest action officially cited a lapse in a ten-day period to comply with its provisions, which as mentioned above centered around Leadtrade’s Capital Adequacy Ratio.

Following the action, Leadtrade will be required to settle all of its existing obligations within a period of three months, as well as addressing any client complaints. The group itself will continue to remain under CySEC supervision during this time.

it is important

Such peoples, who earn much and continually on Forex, constitute only 10% from the total traders’ quantity. They are subject of envy and they are called “Guru” of the foreign exchange market. They are confident in their future. They are a living example of the fact that to succeed in Forex is quite real.

So, if you visited this page — you have got a unique chance to be among these 10% and begin the experience of a trader right now!

PLEASE, PAY ATTENTION

Before you begin to work on Forex market, you should be aware that it’s not possible to born as a professional of the stock exchange, you may become it. Don’t expect that the way from a beginner to a professional will be easy and pleasant. If you want to become a real professional on Forex market, you should constantly perfect yourself, extend your knowledge and consolidate your skills. The main danger of every financial market can be a sudden fall of quotations. The fall of the main index may turn out a crash for the same stock exchange. Actions’ devaluation may bring in its turn, to a failure of entire companies. Forex market functions in a little different way. Forex cannot fall so easily. Even the most drastic collapse of Dollar will mean the proportional rise of another currency, Euro for example. Any currency fall on any scale cannot bring to the total crash of the Forex market. The currencies’ sale will continue under the usual schedule: somebody will get profit, but somebody will bear losses. The currency exchange always was the most stable, and the currency was the most liquid and liable instrument for trade.